DAYTONA BEACH, Fla. -- NASCAR announced Thursday the return of the Wendell Scott Scholarship Program and the University of Central Florida, DeVos School of Management Scholarship.

For a second consecutive year, the Wendell Scott Scholarship Program is funded in part by longtime NASCAR partner UPS. The program was established to provide financial support to deserving black and Hispanic students currently enrolled in college who are pursuing degrees in areas of study related to motorsports, including marketing, engineering and public relations.

The scholarship program is part of NASCAR Diversity Affairs' integrated initiative that includes a scholarship program, mentor program and summer internship program.

"We are continually seeking ways to further engage students as fans and as future employees of the sport," said Marcus Jadotte, NASCAR vice president, public affairs and multicultural development. "The goal is to create permanent employment prospects for diverse college students entering the work force through viable, real-world opportunities."

The Wendell Scott Scholarship Program provides annual scholarships administered by the Hispanic Association of Colleges & Universities and the United Negro College Fund. In addition, NASCAR and UPS support a scholarship program for students attending the University of Central Florida, DeVos School of Management which offers a master's program in sports management.

"UPS's commitment to diversity extends beyond our workforce, and we're excited to continue our support with NASCAR in this important initiative," said Ron Rogowski, UPS vice president, global sponsorships & events.

The scholarships are based on the following award criteria:

3.0 GPA requirement Documented financial need College juniors, seniors and graduate students with majors in: business, communications, engineering, mass media, public relations or technology Participation in the NASCAR Diversity Internship Program is encouraged but not required

Wendell Scott was the first black driver to win a NASCAR Cup race. He won in NASCAR's premier series on Dec. 1, 1963, on a 1-mile dirt track in Jacksonville, Fla. Wendell Scott made 495 starts during his career and posted 147 top-10 finishes before retiring in 1973. Scott died in 1990.